Enterprise resource planning (ERP) is a software that enables organizations to manage and automate their business processes. The capabilities of the ERP system has evolved from back office activities to the integration of business processes. ERP software has been widely used for back office operations, which include order management, inventory control production, and accounting, etc. An ERP software system comprises several software modules and each ERP model is focused on a particular departmental area such as inventory control, material purchasing, finance, marketing, HR, and accounting. These modules can be customized according to the requirement of the organization. An ERP software system can be deployed either as a cloud based or on premise software. Integration of organizational activities and managing resources efficiently are some of the major tasks of the ERP system.

The need for enhanced operational efficiency along with transparency within the departments of an organization is one of the key drivers propelling the growth of the market. Furthermore, rising demand for cloud based deployment models is boosting the global ERP software market growth.

The ability to access the central system from any demographic due to integrated system architecture of the ERP system module, is compelling enterprises to adopt these systems. It is responsible for enhancing productivity by enabling organizations get potential return on investment by reducing their expenses. This software enables organizations to integrate large amounts of data and reconcile the shipments of companies faster. However, some of the factors restraining the market growth are high installation cost and the accessibility of open source applications.

The ERP software market has been segmented based on deployment, functions, industry, end-user, and region. Based on deployment, the ERP software market is segmented into cloud based and on-premise deployment models. The cloud based deployment model segment is estimated to hold the major share of the global ERP software market. This is attributed to the rise in adoption of cloud-based technologies coupled with rising scalability offered by these technologies. Rising necessity for real-time data analytics is a prominent factor propelling the ERP software market. The function segment includes human resource (HR), supply chain, finance, and others. The industry segment includes key industries such as BFSI, manufacturing, healthcare, government utilities, retail, telecom, aerospace and defense and others. The end-user segment in the ERP software market includes large, small and medium enterprises. Large enterprises are estimated to have major share in the global ERP software market, due to their rising investments, whereas extensive adoption of ERP systems by mid and small sized enterprises are further supporting the growth of the SME’s in the market.

Region wise, the global ERP software market is segmented into North America, South America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). Presently, North America is estimated to dominate the market in terms of its revenue contribution share followed by Europe. However among all the regions, APAC is expected to create significant market opportunity for key players operating in the market due to growth in industrialization in this region during the forecast period.

Key players in the market are prominently focusing on introduction of advanced services and solutions in order to strengthen their position and improve their offerings. Key vendors operating in the global ERP software market include Oracle, TOTVS S.A, Microsoft Corporation, SAP SE, Infor, IBM Corporation, Netsuite Inc., SYSPRO, Unit4, Sage Group Plc, QAD, Focus Softnet, and Ultimate Software. ERP software vendors are updating the pricing models to strengthen their position in the market. The vendors are aiming on providing better integration architecture modules owing to the rising adoption of customized ERP software.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory

Market segments based on products, technology, and applications

Prospects of each segment

Overall current and possible future size of the market

Growth pace of the market

Competitive landscape and key players’ strategies

The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it

Understand the opportunities and pitfalls awaiting them

Assess the overall growth scope in the near term

Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.